Tag: energy sector
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Petroleum minister confirms gas prices will remain unchanged, highlights falling inflation
In a recent press conference, Minister for Petroleum Musadik Malik announced that the federal government has decided to keep gas tariffs unchanged. He confirmed that consumers will not experience any increase in gas prices. Malik highlighted that the government’s economic policies are beginning to yield positive results. He reported a substantial reduction in food inflation,…
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IMF urges gas sector reforms to curb circular debt
The International Monetary Fund (IMF) emphasized the significance of prompt gas tariff determinations and notifications, crucial in curbing the escalating gas circular debt, while safeguarding vulnerable households.
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CDWP gives go-ahead to 10 development projects valued at Rs115 billion
In a key meeting held on Friday, the Central Development Working Party (CDWP) approved a total of 10 development projects, with an overall cost of Rs115.458 billion.
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France interested in Pakistan’s energy sector
A French delegation, led by its Deputy Head of Mission Guillaume Dabouis, showed keeness in investing in Pakistan’s energy sector in a meeting with Pakistan’s Minister of Energy, Musadik Malik in Islamabad, ARY news has reported. The French officials showed interest in investing in a number of domains of Pakistan’s energy sector, including LNG cargo…
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OGRA announces ‘reduction’ of Rs0.81 per kg in LPG price
The Oil and Gas Regulatory Authority (OGRA) has implemented a modest reduction in the price of Liquefied Petroleum Gas (LPG) by Rs0.81 per kg, effective from March 01, 2024.
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Govt expected to increase petrol price by Rs3.5 for first half of March
In a possible move that could impact consumers, the government is considering a hike in petrol prices by Rs3.5 per litre for the initial half of March 2024.
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Pakistan grapples with 23% surge in power generation costs amidst economic woes
In a startling development, the cost of power generation in Pakistan has surged by a staggering 23 per cent in January 2024, compared to the same period last year, reports the brokerage house Topline Securities.
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OGRA approves massive gas tariff hike for SNGPL, SSGC consumers
In a move to address the fiscal challenges faced by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), the Oil and Gas Regulatory Authority (OGRA) has granted approval for a noteworthy increase in gas tariffs.`
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Govt surpasses petroleum levy collection targets despite declining sales
In the first six months of fiscal year 2023–24, the federal government has exceeded expectations by collecting Rs472.77 billion in petroleum levy (PL), constituting an impressive 54 per cent of the total budgetary estimates for PL on petroleum products for the current fiscal year.
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Govt reduces petrol price by Rs8 to Rs259.34 per litre for next fortnight
In a significant move, the caretaker government announced a substantial reduction in the price of petrol by Rs8 per litre for the upcoming fortnight, effective January 16.